The 10-second takeaway
For the quarter ended Dec. 31 (Q4), OM Group missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
OM Group reported revenue of $340.4 million. The one analyst polled by S&P Capital IQ hoped for sales of $376.4 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter's $438.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.13. The four earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. Non-GAAP EPS were -$0.13 for Q4 versus $0.73 per share for the prior-year quarter. GAAP EPS were -$1.07 for Q4 against $1.59 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.6%, 1,430 basis points worse than the prior-year quarter. Operating margin was -10.3%, 1,440 basis points worse than the prior-year quarter. Net margin was -10.0%, 2,160 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $431.9 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $1.71 billion. The average EPS estimate is $1.32.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OM Group is outperform, with an average price target of $25.50.
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